The Future of Edge Artificial Intelligence (AI): Industry Trends and Projections to 2033 [Yahoo! Finance]
Intel Corporation (INTC)
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Source: Yahoo! Finance
The global edge artificial intelligence market has grown exponentially in recent years. It will grow from $19.46 billion in 2023 to $24.48 billion in 2024 at a compound annual growth rate (CAGR) of 25.8%. The growth observed in the historical period can be attributed to the proliferation of IoT devices, a heightened demand for edge computing, a surge in edge-based applications, the emergence of smart cities, and an increased need for real-time processing. The edge artificial intelligence market size is expected to see exponential growth in the next few years. It will grow to $61.63 billion in 2028 at a compound annual growth rate (CAGR) of 26%. The anticipated growth in the forecast period can be attributed to the escalating integration of edge AI in healthcare, the rapid expansion of edge AI in retail, regulatory backing for edge computing, the burgeoning edge AI ecosystem, and the increasing complexity of AI workloads. Key trends expected in the forecast period encompass technolo
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